VIG's Deputy CEO and Deputy Chairman of the Board Hartwig Loeger, ex- Federal Finance Minister and short-term Chancellor, may become the Austrian Group's CEO starting

At the end of 1H2022, the market amounted to RUB 862.25 billion (EUR 16 billion), having decreased by 3.57% y-o-y in local currency and nominal terns. Considering the 15.9% y-o-y inflation rate, the inflation adjusted results show an almost 17% y-o-y fall in GWP.

The Ukrainian insurance market amounted to UAH 17.60 billion (EUR 571.84 million), at the end of 1H2022, which is almost 31% less y-o-y in local currency. The decline was recorded in both life and non-life insurance. At the same time, the decline was in all classes, except for MTPL and Green Card segment, as data from the National Bank of Ukraine show.

According to the results of the first quarter of 2022, the insurance market of Uzbekistan grew by 93% y-o-y in local currency, to UZS 1,294.69 billion (EUR 101.88 million), according to data published by the Insurance Market Development Agency under the Ministry of Finance.

Hungarian insurers' H1 2022 GWP rose by 14.81% y-o-y to HUF 785.43 billion (EUR 1.98 billion), according to the quarterly statistics published by the National Bank of Hungary (MNB).

Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.14 billion, up by 0.20% y-o-y according to end-June 2022 preliminary figures.

Most of the owners in Bulgaria still do not insure their property as either because people hope that nothing terrible will happen, or because they rely on government assistance in the event of a serious damage, said Nina KOLCHAKOVA, ABZ (Association of Bulgarian Insurers) General Secretary.

Swiss Re's Group Chief Investment Officer and Country President Switzerland, Guido Furer, has decided to retire effective 31 March 2023, after 25 years with the Company and having served as Group CIO for a full decade.

At the XIII Congress of the League of Insurance Organizations of Ukraine, a new President of the LIOU Viktor BERLIN, who previously held the position of General Director of the GUARDIAN insurance company and was a Member of the National Financial Services Commission in 2012-2014, was elected, Forinsurer reports.

MTPL market in Ukraine in January-June 2022 decreased by 13.4% to UAH 2.9 billion (~EUR 93.91 million). At the same time, insurance companies-members of the MTIBU (Motor Transport Insurance Bureau of Ukraine) concluded 28.1% fewer MTPL agreements than a year earlier for the same period, Forinsurer wrote.

In January-August 2022, the MTPL loss ratio in Armenia decreased to 63% from 79% a year earlier, being below the pre-Covid level of 72% (in Jan-Aug 2019).

Against the backdrop of a trend towards more expensive large losses, German reinsurer Hannover Re expects further price increases and improved conditions in property and casualty reinsurance.

Generali announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland. The transaction is subject to customary closing conditions and is expected to close ultimately in the first quarter of 2023.

Arthur van der Wal has been appointed chair of Achmea's new Pensions division with effect from 1 October 2022. For the past four years he has been divisional chair of Syntrus Achmea Real Estate & Finance.

The Association of Estonian Insurance Companies (EKsL) and Turu-uuringute AS conducted a survey, according to which 46% of the population would like to join the employer's additional health insurance, mostly 31-40 year old people and non-Estonians, at the same time a quarter of the population has never heard of such insurance, EKsL said.

A the end of June 2022, the assets of the Bulgarian insurance companies reached BGN 9.17 billion (EUR 4.7 billion), which is 3.8% less y-o-y, SeeNews reports according to the quarterly insurance sector report of the Bulgarian National Bank.

From January to August 2022, GWP of insurance companies operating in Bosnia and Herzegovina's Federation increased by 8.7% y-o-y to BAM 411.5 million (EUR 210.4 million), SeeNews informed according to the official data.

While this year's edition of the Rendez-Vous de Septembre in Monte Carlo seems dominated by a cautious optimism with regard to the future development f the reinsurance business, there a few issues that reinsurers find challenging for the near future.

As stated when last re-elected in 2020, Claude Tendil wished to step down as president of the Rendez-Vous de Septembre association (RVS). On 12 September 2022, the RVS general assembly took note of this decision and elected Denis Kessler, Chairman SCOR SE, to take over the position.

The European Parliament plenary session adopted MEP Axel Voss' own initiative legislative report on responsible third-party litigation funding (TPLF). The report calls on the European Commission to propose solutions for the effective supervision of TPLF in commercial and civil disputes.